DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

Business Affairs Homepage

Envision Healthcare acquires Decatur Radiology Physicians Expands operations into central Illinois

Varian acquires Noona Healthcare Gains mobile service app that captures PROs

Philly leads US cities in need of radiologists Shortages continue to leave radiologists in high demand

Siemens Healthineers holds grand opening of new Erlangen HQ Continuing its 140 year presence in the city

Does GE CEO move cast doubt on healthcare spinoff? Industry analysts weigh in on how this could change the game plan

Healthcare has a serious problem with wasted spending How supply chain can hold the key to more efficient hospital finances

Mass imaging exam cancellations by VA puts veterans lives at risk Medically needed scans reportedly removed from schedule to reduce backlog

Hologic to acquire Focal Therapeutics for $125 million Furthering its expansion into the breast conservation surgery market

GE CEO Flannery is out as Culp Jr. named chairman and CEO The latest shake-up in a year full of transitions

China tariffs now hit $4.7 billion worth of U.S. medical devices AdvaMed warns that things could get worse before they get better

Procedure with Profound's
TULSA-PRO system

Philips completes sale of MR-HIFU business to Profound Medical

by Lauren Dubinsky , Senior Reporter
Royal Philips announced today that it completed its business deal with Profound Medical Corporation.

Last month, the companies entered an asset and share purchase agreement. Profound agreed to acquire Philips' MR-Guided High Intensity Focused Ultrasound business in exchange for 7,400,000 Profound common shares.

Story Continues Below Advertisement

THE (LEADER) IN MEDICAL IMAGING TECHNOLOGY SINCE 1982. SALES-SERVICE-REPAIR

Special-Pricing Available on Medical Displays, Patient Monitors, Recorders, Printers, Media, Ultrasound Machines, and Cameras.This includes Top Brands such as SONY, BARCO, NDS, NEC, LG, EDAN, EIZO, ELO, FSN, PANASONIC, MITSUBISHI, OLYMPUS, & WIDE.



"We see a world where patients no longer need to choose between living well and living long, or between undergoing clinically effective procedures and returning quickly to their normal lives," Dr. Arun Menawat, CEO of Profound Medical, told HCB News. "By leveraging MR-guidance and ultrasound to deliver incision-free, inherently safe, personalizable, precise and cost-effective therapeutic solutions, we believe that we are well on our way toward realizing that vision."

Philips' Sonalleve MR-HIFU is used along with real-time MR imaging and thermometry to noninvasively ablate diseased tissue. To date, it has CE mark for the treatment of uterine fibroids and palliative pain associated with bone metastases.

Philips will continue to distribute Sonalleve for use with its Ingenia and Achieva MR systems. The company will also provide Profound with additional services such as manufacturing the MR-HIFU table and installations.

"The addition of Sonalleve to our offering benefits hospital customers by providing them with the ability to better utilize their MR system assets," said Menawat. "Our strengthened MR and ultrasound technology platform will accelerate the development of new clinical applications, while better serving the needs of our customers."

Philips is already a non-exclusive distributor of Profound's TULSA-PRO system and will continue to be. This system is designed for MR-guided prostate tissue ablation procedures.

Profound is now the only company that provides a therapeutics platform that combines real-time MR imaging and directional and focused ultrasound technology for ablating diseased tissue.

As part of the business agreement, Philips can purchase or sell securities of Profound "from time to time as it deems appropriate, based on market conditions and other circumstances."

However, Philips agreed not to sell, transfer or dispose of its interest in the common shares for one year after the completion of the transaction.

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2018 DOTmed.com, Inc.
ALL RIGHTS RESERVED